Ecopetrol’s (NYSE: EC) Ricardo Roa has unveiled his latest estimate of transfers to the nation over the next three years.
The country has witnessed an average of three blockades or protests per day this year, signaling dissatisfaction with the government.
Ecopetrol (NYSE: EC) and Repsol (MSE: REP) have announced a significant oil discovery at the Tinamú-1 exploratory well, located in the municipality of Castilla La Nueva, Meta.
Experts in the sector are calling for increased exploration, positive investment signals, and the awarding of new contracts for hydrocarbon exploration and production following the release of the reserves report.
Colombia recently released its long-awaited report on hydrocarbon reserves as of December 31, 2022, and the negative figures have reignited the debate about the need to award new contracts.
The Petro government’s decision to not award new E&P contracts for hydrocarbons has sparked a legal challenge in the form of a fiscal responsibility complaint.
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